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Your opinion about chart and DOM way

  #6 (permalink)

Chicago, IL
 
Trading Experience: Intermediate
Platform: SierraChart
Favorite Futures: /ES /CL
 
Posts: 15 since Mar 2018
Thanks: 4 given, 20 received

I personally use both. As a part of my morning/pre-market routing, I do use charts along with trend lines and fibonacci retracement in order to establish support and resistance levels, however, I do not use chart for entries and exits. For trade entries I use DOM/DOME in order to enter trades when there are large volume trades at bid and/or ask, as I am trying to capture the momentum upwards or downwards for 6+ ticks per trade.

This greatly depends on your style of trading and DOM only trading may not be for one person while being extremely profitable for another person. Really depends on your end goal.

--bofh

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